MF News Allegation of corruption/frontrunning on ABSL MF was baseless

Allegation of corruption/frontrunning on ABSL MF was baseless

This was in response to the news report published on an online media based on allegations made by a whistleblower.

Team Cafemutual May 18, 2022

Listen to this article

In response to an article published on an online news portal, Aditya Birla Sun Life Capital has issued a statement that the allegations of frontrunning/corruption are baseless.

It said, “A story has appeared, this morning, based on insinuations of vested interests. These insinuations/allegations are bereft of facts and we wish to emphatically deny them.”

The article reported serious allegations of front running and corruption within the company on Monday morning made by a whistle-blower.

The sponsor of the fund house said that Aditya Birla Sun Life AMC has a 27 year track record and strong credibility for having adhered to the highest standards and processes.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Your bulletin for the day

SEBI to look into delays in updating of KYC status

‘Manufacturing sector to play a major role in India's GDP in the next decade’

MF quarterly AAUM just short of Rs.60 lakh crore

Indore's MFD Association appoints Rajesh Kulwal as the new president

Consolidated account statement in MFs to be sent through email as preferred mode: SEBI

Impact of inclusion of Indian Bonds in JP Morgan Index on debt funds

SEBI to introduce simple regulations to facilitate growth of passives

SEBI to allow fund houses to launch passive hybrid funds

Aditya Birla Sun Life AMC reappoints A Balasubramanian as MD and CEO

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS